Insider Selling: Angi Inc. (NASDAQ:ANGI) CTO Sells 11,748 Shares of Stock

Angi Inc. (NASDAQ:ANGI) CTO Kulesh Shanmugasundaram sold 11,748 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $2.13, for a total value of $25,023.24. Following the transaction, the chief technology officer now directly owns 160,506 shares in the company, valued at $341,877.78. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Kulesh Shanmugasundaram also recently made the following trade(s):

• On Monday, April 1st, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The shares were sold at an average price of $2.58, for a total value of $30,309.84.
• On Wednesday, March 6th, Kulesh Shanmugasundaram sold 11,748 shares of Angi stock. The stock was sold at an average price of $2.58, for a total value of $30,309.84.
• On Thursday, February 1st, Kulesh Shanmugasundaram sold 12,000 shares of Angi stock. The shares were sold at an average price of $2.41, for a total transaction of $28,920.00.

Angi Price Performance

NASDAQ:ANGI opened at $2.54 on Friday. The business’s 50-day simple moving average is $2.44 and its two-hundred day simple moving average is $2.32. Angi Inc. has a 52 week low of $1.54 and a 52 week high of $4.18. The stock has a market cap of $1.28 billion, a PE ratio of -31.75 and a beta of 1.97. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.47.

Angi (NASDAQ:ANGI) last issued its earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The company had revenue of $300.43 million for the quarter, compared to the consensus estimate of $306.73 million. As a group, analysts forecast that Angi Inc. will post -0.01 EPS for the current fiscal year.

Hedge Funds Weigh In On Angi

Several hedge funds have recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its stake in Angi by 2.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 284,227 shares of the technology company’s stock valued at $708,000 after acquiring an additional 6,587 shares in the last quarter. BNP Paribas Financial Markets increased its holdings in shares of Angi by 44.6% in the first quarter. BNP Paribas Financial Markets now owns 24,807 shares of the technology company’s stock worth $65,000 after purchasing an additional 7,649 shares during the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Angi by 140.5% in the fourth quarter. Tower Research Capital LLC TRC now owns 17,880 shares of the technology company’s stock worth $45,000 after buying an additional 10,447 shares in the last quarter. Victory Capital Management Inc. bought a new position in Angi during the fourth quarter valued at approximately $26,000. Finally, DAVENPORT & Co LLC purchased a new position in Angi during the 3rd quarter valued at approximately $27,000. Hedge funds and other institutional investors own 12.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ANGI. KeyCorp dropped their price objective on shares of Angi from $4.00 to $3.00 and set an “overweight” rating on the stock in a report on Friday. UBS Group boosted their price objective on shares of Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada raised their target price on Angi from $2.25 to $3.25 and gave the stock a “sector perform” rating in a report on Thursday, February 15th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research report on Thursday, February 15th. Finally, The Goldman Sachs Group upped their price target on Angi from $3.00 to $3.50 and gave the stock a “buy” rating in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, Angi presently has a consensus rating of “Moderate Buy” and a consensus target price of $4.11.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.